Australia's Perenti jumps on stock buyback plan

Perenti

07/10/2024 04:56

** Shares of Perenti  PRN.AX  rise ~2% to A$1.060; set for
their biggest pct gain since Sept. 25, if current trend holds
    ** Diversified mining co announces a renewed on-market
buyback program limited to 12 months and will buy shares
whenever it deems "appropriate"
    ** Says the buyback will not require shareholder approval
    ** PRN has 938.2 mln shares outstanding for a ~A$981 mln 
($667.4 mln) market cap and 769.2 mln shares of free float, per
LSEG data


($1 = 1.4699 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))